Bitwise’s U.S. crypto exchange-traded products drew roughly $100 million in net inflows on Aug. 27, driven mainly by demand for Solana, Bitcoin and Bitwise’s Hyperliquid and XRP offerings, CEO Hunter Horsley said. The figures are preliminary issuer disclosures and have not yet been confirmed by official fund-level creation data. Top reported net inflows (Aug. 27, preliminary) - Solana: ~$40 million - Bitcoin: ~$22 million - Hyperliquid: ~$20 million - XRP: ~$12 million - Ethereum: ~$1.4 million Solana-led inflows stood out, accounting for about 40% of the day’s total. Bitwise’s Solana Staking ETF (BSOL) is the firm’s flagship U.S. Solana product and saw heavy trading: BSOL posted roughly $126 million in volume for the session — its highest since launching on NYSE Arca in October 2025, and well above the roughly $40 million attributed to Bitwise’s whole Solana product category. BSOL stakes most of its SOL holdings and distributes staking rewards after fees and expenses; Bitwise has reported the fund held 8.18 million SOL and staked about 99% of its assets. A major bank has also approved BSOL shares as collateral with a maximum loan-to-value ratio of 25%. Bitwise’s Hyperliquid (BHYP and related products) pulled in about $20 million, following earlier spikes in interest for these ETFs — BHYP alone saw a notable inflow previously in May. XRP products added around $12 million; XRP ETF cumulative flows have crossed $1.57 billion amid record trading volumes for that market. Important distinctions and context - These are preliminary issuer disclosures; Horsley posted the numbers without a detailed daily creation report, so independent confirmation awaits official fund-level data showing changes in shares outstanding and assets under management. - Trading volume and net inflows are different: volume measures how many ETF shares changed hands during the session, while net inflows usually reflect new shares created by authorized participants when demand outstrips supply. High volume can simply mean active secondary-market trading, not new capital into the fund. That explains why BSOL’s $126 million volume exceeded the ~$40 million net creation tied to Bitwise’s Solana category. - One day of flows doesn’t establish a lasting institutional preference; inflows can reverse and often follow price momentum rather than predict it. The flows came amid a broader U.S. ETF recovery: spot Bitcoin ETFs recorded eight consecutive sessions of net inflows through Aug. 26, totaling about $2.8 billion (SoSoValue). BlackRock’s IBIT accounted for approximately $2.02 billion — roughly 72% of that rally. Bitcoin traded near $79,770 on Aug. 28 after an intraday high around $81,280 and has gained roughly 28% in August, supported by ETF demand, a weaker dollar and shifts in long-term Treasury markets. What to watch next Official, fund-level creation and AUM data will be the next confirmation of whether Thursday’s reported inflows translated into lasting increases in fund size. Market participants will also be watching whether Solana continues to lead Bitwise’s product lineup or if allocations drift back toward Bitcoin and Ethereum as broader ETF flows evolve. Read more AI-generated news on: undefined/news
